Jim Cramer: There’s No Way We’ll See More Railroad M&A
Jim Cramer says the antitrust environment out there will make it difficult for any railroad mergers to be approved by regulators.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Canadian Pacific (CP) - Get Report could make a bid for another railroad, after abandoning its plan to merge with Norfolk Southern (NSC) - Get Report , but the antitrust environment out there makes it difficult for any railroad mergers to be approved by regulators. The government recently nixed Pfizer's (PFE) - Get Report $160 billion merger with Allegan (ACT) - Get Report .
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
